On Monday, Shares of AT&T Inc (NYSE:T), gain 0.05% to $32.56.
Dallas-based AT&T (NYSE:T) has made its fiber optic technology-based U-Verse GigaPower Internet service available to homes and small businesses in many parts of San Antonio and surrounding communities starting on Monday, Sept. 28, according to bizjournals.com
The company’s Regional Vice President of External and Legislative Affairs Renee Flores said AT&T first declared in July 2014 that fiber optic-based GigaPower would be coming to San Antonio. The company has been quietly expanding and enhancing their fiber network through lines buried underground and along utility poles.
“As you will recall in 2007, that the U-Verse product was launched and debuted in San Antonio,” Flores said. “Since that point, we have worked very hard on building out that network. We’re utilizing that fiber backbone and this is the next step provide fiber to meet customer demand.”
AT&T presently has its fiber U-Verse GigaPower providing internet, cable television, landline and wireless telephone service in more than a dozen markets. Austin was the first city in the United States to receive the fiber-based service in December 2013. The service was rolled out in Dallas in August 2014 and became available in Houston in April.
Flores said AT&T brought the service to San Antonio is due to a business-friendly environment that encourages innovation and technology. bizjournals.com Reports
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of United States Steel Corporation (NYSE:X), declined -2.50% to $12.89, during its last trading session, after the company warned it will be forced to close its Canadian operations if an Ontario Superior Court judge refuses to grant requests from the company to cut costs, The Globe and Mail reports.
The company is seeking to halt municipal tax and pension fund payments, and cut retiree benefits for about 20,000 former employees and their dependents.
Without these cuts, U.S. Steel Canada would stop operations by the end of this year and shift production to U.S. mills, The Globe and Mail added.
U.S. Steel and its Canadian partner took these measures after the United Steelworkers union filed an injunction to stop the production move of about 180,000 tons of high-value-added steel to the U.S.
The parties will enter into a mediation hearing next week to discuss the restructuring.
U.S. Steel is proposing the cuts to “provide the company with the necessary breathing space to continue its operations while ongoing its restructuring efforts,” U.S. Steel Canada chief restructuring officer William Aziz said, The Globe and Mail noted.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
Shares of Delta Air Lines, Inc (NYSE:DAL), inclined 1.24% to $47.25, during its last trading session, following an analyst note suggesting that the company is the top pick in the airline sector.
Analysts Julie Yates and Parket Kim of Credit Suisse named Delta Air Lines their top carrier when contrast to other legacy airlines like American (AAL) and United (UAL) , according to Barron’s.
“Delta remains our top legacy carrier pick given the above aspects, together with an attractive earnings growth profile in 2016, and better relative unit revenue performance vs. peers. We see the most upside to international profitability at Delta as well, with a more balanced geographic exposure and a reliance on JVs for raised exposure and connectivity in non-US regions,” the analysts said.
“Delta is tracking to the high end of its Q3 unit revenue & margin guidance, which we expect will be tightened to the high-end with the October 2nd investor update,” they continued.
Delta’s stock is rising recently despite higher crude prices, which are increasing the cost of jet fuel.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, Hanesbrands Inc (NYSE:HBI), ended its last trade with 0.40% gain, and closed at $30.13, after receiving a rating upgrade to “buy” from “neutral” at Goldman Sachs.
Hanesbrands’ stock price will likely improvement, following a 12% correction and second quarter earnings that met expectations and maintained full-year guidance, Goldman Sachs said in a note, according to MarketWatch.
Growth within the company’s intimates department, a lower cost of cotton and a buyback program will all benefit Hanesbrands, Goldman Sachs said.
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparels for men, women, and children in the United States. The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International.
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